‘Heads of agreement’ have been reached for the ExxonMobil-led P’nyang gas project in Papua New Guinea’s Western Province. Business Advantage PNG looks at what this means for the project’s future development.
Time to grow: Papua New Guinea’s stock exchange looking to expand
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6 Oct 2021 by Leave a Comment
Crowdfunding and a new listed fund are in the pipeline at Papua New Guinea’s stock exchange, PNGX, as it looks at new ways of grow the country’s capital markets and encourage SMEs.
In brief: Papua New Guinea businesses owed two billion kina in GST refunds and other business stories
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6 Oct 2021 by Leave a Comment
Business owed K2 billion in GST refunds, Internal Revenue Commission to launch online tax payments and new Twinza Oil chairman to travel to Papua New Guinea. Your digest of the latest business news.
Santos and Oil Search agree to merge
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13 Sep 2021 by Leave a Comment
Oil and gas companies Oil Search and Santos have completed a merger agreement set to create a company with ‘a pro-forma market capitalisation’ of approximately A$21 billion (K54 billion). Regulatory and shareholder approvals will ultimately decide the deal’s fate, however.
People moves: Kumul Petroleum Holdings, Oil Search, International Finance Corporation
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25 Aug 2021 by Leave a Comment
Kumul Petroleum Holdings Limited (KPHL) welcomes new directors to its board, departure from Oil Search board, and the International Finance Corporation (IFC) gets a new Regional Director.
Santos and Oil Search agree terms for merger: what’s next?
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2 Aug 2021 by 3 Comments
The merger of two of the major players in Papua New Guinea’s oil and gas sector has taken a major step forward, with Santos and Oil Search agreeing terms. What would it mean for PNG?
Oil Search and Digicel bids: is Papua New Guinea entering mergers and acquisitions season?
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21 Jul 2021 by 1 Comment
Australian telecommunications giant Telstra has been in negotiations to buy Digicel, Papua New Guinea’s largest telco. Meanwhile, gas company Santos has been pursuing PNG’s largest company, Oil Search. Why is PNG seeing such mergers and acquisitions activity, and are more likely?
People moves: Oil Search, Credit Corp
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21 Jul 2021 by Leave a Comment
Oil Search says goodbye to its Managing Director and Credit Corporation (PNG) welcomes Chair.
PNG Biomass green power project under threat in Papua New Guinea
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31 May 2021 by 2 Comments
The future of one of Papua New Guinea’s highest profile green energy projects, PNG Biomass, appears under a cloud following the move by state-owned utility PNG Power to potentially cancel the power purchase agreement it has with the project.
People moves: Chinese Embassy, Qantas, Oil Search, Bougainville, PNG Institute of Directors
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19 May 2021 by Leave a Comment
The Embassy of the People’s Republic of China gets a new head, Qantas welcomes new Regional Manager, Oil Search appointment for the PNG Orchids, Autonomous Region of Bougainville names key post-referendum figure, and new Fellow inducted into the Institute of Directors.
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